Ethereum Classic has a significant percentage of miners who are no longer able to mine Ethereum after the consensus mechanism was changed to Proof of Stake after the merge was completed.
The surge of PoW miners to Ethereum Classic after the merge has increased the hashrate by over 250% in the last 24 hours. 2 Miners data.
At the time of writing, Ethereum Classic has an all-time high hashrate of 222.5 terahashes per second (TH/s), indicating an overrun. 250% surge Within the last 24 hours. Its native ETC token is currently trading at $37.74.
Ethereum Classic is actively helping to welcome more miners into its ecosystem. Ethereum co-founder Vitalik Buterin approved A network for PoW miners who want to continue mining after the merger.
PoW miners can use ETC. Stakers can use ETH2. This is fair to each choice.thank you @Vitalik Buterin Other 🍾.
May both chains coexist in their own right and provide options for stakers and miners. https://t.co/4x008OxaUL
— Ethereum Classic (@eth_classic) September 15, 2022
Other networks that welcome miners
A previous poll by @cryptovium revealed that PoW miners are considering moving to Ethereum Classic, Ergo, Ravecoin and Flux after the merger. Data available from 2Miners shows that the hashrate is also skyrocketing.
Following the success of Merge, Ergo’s hash rate It soared to an all-time high of 137 TH/s, an increase of over 400% in the last 24 hours.
Ravencoin has also grown in the last 24 hours.this is hash rate It increased from about 9 TH/s to 14.34 TH/s.
